Axalta Coating Systems (NYSE:AXTA) Stock Rating Upgraded by Evercore ISI

Axalta Coating Systems (NYSE:AXTA) was upgraded by equities research analysts at Evercore ISI to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on AXTA. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird upped their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays upped their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Stock Up 0.1 %

Shares of NYSE:AXTA opened at $40.66 on Tuesday. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $40.91. The company has a market cap of $8.87 billion, a PE ratio of 27.47, a P/E/G ratio of 0.85 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The stock’s 50-day moving average is $36.56 and its 200 day moving average is $35.54.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts anticipate that Axalta Coating Systems will post 2.16 EPS for the current year.

Institutional Investors Weigh In On Axalta Coating Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new stake in Axalta Coating Systems in the 2nd quarter worth $30,000. True Wealth Design LLC purchased a new position in shares of Axalta Coating Systems during the third quarter valued at about $37,000. First Horizon Advisors Inc. grew its position in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Axalta Coating Systems during the third quarter valued at about $54,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.